Platinum Contributing Member steve from amherst Posted January 15, 2020 Platinum Contributing Member Share Posted January 15, 2020 LONDON (Reuters) - OPEC expects lower demand for its crude oil in 2020 even as global demand rises, it said on Wednesday, as rival producers grab market share and the United States looks set for another output record. The United States, which has seen its output soar in recent years powered by shale, will see total liquids output exceed a 20 million barrel per day (bpd) milestone for the first time, the Organization of the Petroleum Exporting Countries forecast in its market report. U.S. liquids output will reach 20.21 million bpd in the fourth quarter of 2020 - almost meeting U.S. demand of 21.34 million bpd, OPEC said. It lowered its 2020 demand forecast for OPEC crude by 0.1 million barrels per day to 29.5 million. Quote Link to comment Share on other sites More sharing options...
Beavis and Butt-Head Posted January 15, 2020 Share Posted January 15, 2020 Thanks, Trump, even the lefty cant give Trump credit, I guess they would prefer the days $4.75-5.25 per gallon of diesel rather than give trump credit. 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted January 15, 2020 Share Posted January 15, 2020 So with all of these conflicts over independent oil producing nations... Do you think its better or worse for the consumer for these independent oil producting nations to remain independent or to become aligned with OPEC and its affiliates? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted January 15, 2020 Author Platinum Contributing Member Share Posted January 15, 2020 7 minutes ago, Anler said: So with all of these conflicts over independent oil producing nations... Do you think its better or worse for the consumer for these independent oil producting nations to remain independent or to become aligned with OPEC and its affiliates? Better to stay independent. Under open they would have to cut production when told. When they keep up production numbers , prices stay low Quote Link to comment Share on other sites More sharing options...
Tinker Posted January 15, 2020 Share Posted January 15, 2020 Justine and Greta are taking Canada to zero emissions so Oil Bad Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted January 15, 2020 Share Posted January 15, 2020 2 hours ago, Beavis and Butt-Head said: Thanks, Trump, even the lefty cant give Trump credit, I guess they would prefer the days $4.75-5.25 per gallon of diesel rather than give trump credit. They’ll use it as an excuse to raise the gas tax Quote Link to comment Share on other sites More sharing options...
spin_dry Posted January 15, 2020 Share Posted January 15, 2020 So why are there 50,000 troops in the middle with more on the way? Quote Link to comment Share on other sites More sharing options...
spin_dry Posted January 15, 2020 Share Posted January 15, 2020 2 hours ago, Beavis and Butt-Head said: Thanks, Trump, even the lefty cant give Trump credit, I guess they would prefer the days $4.75-5.25 per gallon of diesel rather than give trump credit. Show me the policies trump created the increased oil production. 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted January 15, 2020 Share Posted January 15, 2020 Basically what OPEC is saying is they are going to decrease production and increase prices. Bend over. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted January 15, 2020 Share Posted January 15, 2020 3 hours ago, Anler said: Basically what OPEC is saying is they are going to decrease production and increase prices. Bend over. It’s the same old game. Quote Link to comment Share on other sites More sharing options...
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